USDA loans allow borrowers to secure home financing at a low rate with no down payment requirement. Learn more about how USDA loans work.
USDA Rural Development All ARRA funds will be delivered through existing programs. Programs will use same eligibility criteria,Page of
representing about 110 million people. Some properties in suburban areas outside large cities may be eligible for USDA financing. It’s worth checking, even if you think your area is too developed to be considered “rural.”
Now let’s talk about how to qualify for a USDA loan. One of the biggest eligibility requirements is that the property be located in a designated rural area. You can usethis mapto determine if the property you have your eye on is eligible for a USDA home loan. Generally, these areas a...